STV has reported a rise of 8% in its underlying pre-tax profit to £7 million in the first half of 2012, but the broadcaster spent £4.9m on the litigation with ITV which was settled in March.
STV has reported a rise of 8% in its underlying pre-tax profit to £7 million in the first half of 2012, but the broadcaster spent £4.9m on the litigation with ITV which was settled in March.
MOVING FORWARD: Rob Woodward is glad STV has reached a settlement with ITV and also praised Scotland Tonight. Picture: James Galloway
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SIMON BAIN
It said non-broadcasting revenues, from its digital and production activities, were up by 13%, driving a 15% rise in net earnings. The group has reduced debt by 3% to £55.9m, and says it is on track to reduce dependency on broadcasting from the current 89% to 67% of revenues by the end of 2015.
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